Tesco has played down reports it is planning a move into the Baltic after it emerged executives had paid a visit to the region's largest supermarket chain, VP Market. VP, which owns 153 stores in Lithuania and 29 stores in Latvia, has been looking for a strategic investor since early June after buying all of its stores, warehouses and other property from consortium NDX Development. The E174m move was to make the company more appealing to foreign investors, said bosses at the chain. Visitors so far include Tesco, Finnish chain Kesko, Merrill Lynch, JP Morgan and ABN Amro. A Tesco spokesman said that representatives of the multiple routinely made such visits. {{NEWS }}

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